Loading...

Search results for: economy

Plan afoot for NBR to go tough against tax-dodging foreigners

Plan afoot for NBR to go tough against tax-dodging foreigners

FE Online Desk 2018-02-17 20:40:49

The revenue authority has planned to go tough against foreign nationals who are working in Bangladesh for long, but not paying income tax. National Board of Revenue (NBR) has chalked out the plan in...

BB to award Dr Aziz, Dr Mahbub for economic contribution

BB to award Dr Aziz, Dr Mahbub for economic contribution

-- 2018-02-17 20:22:18

The central bank is going to honour two eminent personalities with 'Bangladesh Bank Award-2017' in recognition of their contribution to economy. A BB media release said Professor Emeritus of Universi...

edotco Bangladesh to help government achieve SDGs

edotco Bangladesh to help government achieve SDGs

-- 2018-02-17 18:28:16

Mobile phone tower company edotco Bangladesh has decided to help the country materialise the government’s vision of achieving Sustainable Development Goals (SDGs) by 2030. In compliance with th...

Muhith urges banks to analyse proposals for risk-free loans

Muhith urges banks to analyse proposals for risk-free loans

FE Online Report 2018-02-17 14:47:27

Finance Minister AMA Muhith has asked the bankers to properly scrutinise all the project proposals they get and follow the know-your-client formula to make the loans risk-free. "There are two major...

China housing rental market sees steady growth

China housing rental market sees steady growth

-- 2018-02-17 13:08:24

China's housing rental market was estimated at 1.3 trillion yuan (about 205 billion US dollars) in terms of revenue last year, according Liu Zhifeng, head of China Real Estate Association. With a gov...

Japan eyes hiking optional pension age beyond 70

Japan eyes hiking optional pension age beyond 70

-- 2018-02-17 12:33:36

Japan has okayed plans to let people choose to start drawing their state pensions beyond the age of 70 as it grapples with severe labor shortages, ballooning welfare costs and a shrivelling tax base s...

Russia likely to face growth setbacks

Russia likely to face growth setbacks

-- 2018-02-17 11:42:27

A deal on oil output cuts between OPEC and non-OPEC countries along with weaker demand for natural gas shipped from Russia may hit the growth of Russia’s economy in 2018, the central bank said i...

BD institutions weak to weather unanticipated economic shocks

BD institutions weak to weather unanticipated economic shocks

Jasim Uddin Haroon 2018-02-17 10:35:18

An international survey finds Bangladesh's institutional quality and business environment deficient in weathering potential economic shocks while assessing 25 frontier markets' potential vulnerabiliti...

CPA starts realising 15pc VAT on all port-service tariffs

CPA starts realising 15pc VAT on all port-service tariffs

Syful Islam 2018-02-17 09:55:53

The Chittagong Port Authority (CPA) has started realising 15 per cent VAT on tariffs of all 60 types of services it provides to port-users, with consent from the shipping ministry, officials said. In...

Banks' Tk 1.70t  gets stuck in  default cases

Banks' Tk 1.70t gets stuck in default cases

Rezaul Karim 2018-02-17 00:06:29

A hefty amount of over Tk 1.70 trillion of different banks remained stuck in 0.127 million money suits while a good number of them are facing liquidity crunch, sources said.    ...

Hackers steal $6m from Russian banks

Hackers steal $6m from Russian banks

-- 2018-02-16 14:26:43

Hackers stole $ 6.0 million (339.5 million rubles) in an attack on the SWIFT international payments messaging system in Russia last year, the Russian central bank said on Friday. The disclosure, buri...

Japan reappoints Kuroda as BOJ chief

Japan reappoints Kuroda as BOJ chief

-- 2018-02-16 13:53:55

Japan has reappointed central bank chief Haruhiko Kuroda for another term, amid heightened anxiety in Japanese and global financial markets. The government on Friday nominated Kuroda, a 73-year-old...

Colombian GDP grows 1.8pc in 2017

Colombian GDP grows 1.8pc in 2017

-- 2018-02-16 13:34:41

Colombia’s gross domestic product rose 1.8 per cent in 2017, the lowest in eight years, the government’s DANE statistics agency said. The Latin America’s fourth largest economy ex...

How India's biggest bank fraud happened

How India's biggest bank fraud happened

-- 2018-02-16 11:49:06

India's Punjab National Bank, the second-biggest state-run lender, stunned the country's financial sector when it announced this week it had discovered fraudulent transactions worth $1.77 billion at a...

SANEM 3rd economists’ confce starts Saturday

SANEM 3rd economists’ confce starts Saturday

FE Online Report 2018-02-16 11:12:28

The third annual economists’ conference of the South Asian Network on Economic Modelling (SANEM) will kick off on Saturday morning in Dhaka. The theme of the two-day event is: ‘Leave no o...

‘Speed up railway projects under Indian LoC’

‘Speed up railway projects under Indian LoC’

FE Report 2018-02-16 10:41:27

Bangladesh Railway (BR) authorities have been asked to speed up the implementation work of four projects, including the Akhaura-Agartala rail link project, financed by the Indian grant and the first L...

NPL pile-up not a big problem: Minister

NPL pile-up not a big problem: Minister

 FE Report 2018-02-16 10:04:55

The current volume of non-performing loan (NPL) is not a big problem for the economy as it still remained at a lower level than many other countries, Planning Minister AHM Mustafa Kamal said Thursday....

Challenge lies in keeping BD’s political harmony

Challenge lies in keeping BD’s political harmony

FE Report 2018-02-16 09:48:29

A leading trade body has stressed ensuring political harmony in the country apart from facing properly the challenges of rising geo-political tensions and the Rohingya refugee crisis to achieve the co...

Draft Deposit Protection  Act incorporates NBFIs

Draft Deposit Protection Act incorporates NBFIs

Ismail Hossain 2018-02-16 00:33:58

Authorised persons involved in managing 'deposit insurance fund' at the central bank will get indemnity under a proposed law styled, the Deposit Protection (DP) Act, 2017. The Bangladesh Bank (BB) ha...

Europe’s 2017 sees best economic growth in a decade

Europe’s 2017 sees best economic growth in a decade

-- 2018-02-15 21:24:25

The European economy, in the strongest expansion in a decade, registered 2.5 per cent gross domestic product growth in 2017, the Eurostat agency said on Wednesday.  That's the growth rate for bot...

RBI to provide more cash into banks

RBI to provide more cash into banks

-- 2018-02-15 21:12:34

The Reserve Bank of India (RBI) has decided to provide additional cash to banks if needed ahead of March-end to give flexibility to lenders to manage their liquidity mismatches. The RBI said on Tue...

BI holds rates amid currency volatility

BI holds rates amid currency volatility

-- 2018-02-15 20:19:43

Bank Indonesia (BI) has kept its policy rate unchanged on Thursday as expected, as it looks to maintain stability in the struggling rupiah currency following an unexpected spike in global volatility....

BB governor applauds the bank’s initiatives for remittance augmentation

BB governor applauds the bank’s initiatives for remittance augmentation

-- 2018-02-15 20:04:36

Remittance inflow through the proper channels has increased owing to initiatives taken by the central bank.    Bangladesh Bank (BB) Governor Fazle Kabir made the remark when the Board of Di...

BSP cuts bank reserve ratio

BSP cuts bank reserve ratio

-- 2018-02-15 19:51:00

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has announced Thursday a  1 percentage-point cut on banks’ reserve requirement ratio (RRR). The central bank red...

Iraq may get $30b for reconstruction

Iraq may get $30b for reconstruction

-- 2018-02-15 12:34:52

Total contributions by countries participating in Kuwait International Conference on Reconstruction of Iraq (KICRI) reached 30 billion US dollars, Kuwait Deputy Prime Minister and Foreign Minister She...

FDI increases marginally in H1

FDI increases marginally in H1

FE Online Report 2018-02-15 12:21:21

The inflow of Foreign Direct Investment (FDI) increased slightly in the first half (H1) of the current fiscal year (FY18). In gross terms, it increased to $1.75 billion in July-December period of 201...

Eight out of 18 probable projects get shortlisted

Eight out of 18 probable projects get shortlisted

Munima Sultana 2018-02-15 11:48:05

A special contact point may work for Japan following an opportunity created for receiving private investment from that country in some big PPP projects through government-to-government (G2G) arrange...

For India’s banks, more bad loan woes likely on the way

For India’s banks, more bad loan woes likely on the way

-- 2018-02-15 11:14:47

Just when many Indian banks thought the worst of their bad debt woes were behind them, new central bank rules are stoking fears that the worst of the soured-loans buildup is yet to come. The central...

Consumer price rise signals firming inflation

Consumer price rise signals firming inflation

-- 2018-02-15 10:42:23

The Consumer Price Index grew by 0.5 per cent against forecasts of a 0.3 per cent rise in United States. The report followed earlier data showing accelerating US wage growth. That raised concerns the...

Civil servants likely to get large subsidised home loans

Civil servants likely to get large subsidised home loans

M Azizur Rahman 2018-02-15 10:29:14

The government contemplates doling out around Tk 9.80 billion in annual subsidy to civil servants to help them buy homes, which drew critical appreciation, though. Sources said the ceiling of home lo...